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(Reuters) - A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has submitted a non-binding offer for Brazilian oilfields Albacora and Albacora Leste, four sources familiar with the matter told Reuters. The exact value of the bid submitted to Brazil’s state-led... Continue Reading →
Equinor (STOHF) (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of positive USD 0.76 billion and negative USD 0.55 billion after tax in the fourth quarter of 2020. IFRS net operating income was negative USD 0.99 billion and the IFRS net income was negative USD 2.41 billion, following net impairments of USD 1.30 billion and a... Continue Reading →
TechnipFMC has officially opened its brand new spoolbase in Brazil. The new facility is located in the Açu Port, north of Rio de Janeiro State. According to the company, it will be its most modern spoolbase worldwide as well as an important asset to meet the future demands of subsea projects. With a total area... Continue Reading →
- Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of January. Obs.: (1) Frade figures account for a 70% interest in the Frade Field. On February 5, 2021, the Company announced the closing of the acquisition... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 28, 2019, informs that it has concluded today the sale of its 30% participation in the Frade field, located in the Campos Basin, north coast of the state of Rio de Janeiro, to PetroRio Jaguar Petróleo Ltda., a subsidiary of Petro Rio... Continue Reading →
( Bassoe Rig Analytics) While most regions are reporting lower offshore drilling rig activity, South America is bucking the trend - and this time it's not just Brazil driving demand. The South American rig market, led by Brazilian NOC Petrobras, has encountered its fair share of problems over the past years. The 2014 oil price crash... Continue Reading →
Norway's Aker BP could expand its oil and gas business to other countries if it comes across competitive opportunities abroad, its chief executive told Reuters on Thursday. Any move to invest outside its native Norway would be a change of strategy for Aker BP, which was founded in 2016 through the combination BP's Norwegian unit... Continue Reading →
Outlook for the offshore engineering, procurement and construction (EPC) market in 2021 looks promising, boosted by projects deferred from 2020, according to market research provider Westwood. With a forecast of $29 billion firm or already awarded contracts and a further $16 billion of probable and possible awards, 2021 could, reportedly, match 2019’s $40 billion total.... Continue Reading →
The Administrative Council for Economic Defense (CADE) approved the sale of Total's stake in blocks from Foz do Amazonas to Petrobras. As a reminder, in September last year, the French oil company gave up on the business after successive unsuccessful attempts to obtain Ibama's environmental license for drilling wells in the areas. Petrobras will keep... Continue Reading →
The FPSO Carioca will arrive in Brazil this week, according to Petrobras. The unit will be docked at the BRASFels shipyard in Angra dos Reis. There, the platform ship will go through the latest integration and commissioning activities before leaving for its final destination, the Sepia field, in the Santos Basin. The unit was built... Continue Reading →
Brazil Energy Insight 